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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: Investor2 who wrote (503)4/23/1997 9:12:00 PM
From: JEFF CHAPMAN   of 3696
 
Wednesday April 23 8:03 PM EDT

Ultratech Stepper announces resignation of president and COO

SAN JOSE, Calif.--(BUSINESS WIRE)--April 23, 1997-- Ultratech Stepper Inc announced today that James L. Schram has
resigned as president and chief operating officer and director to pursue other interests.

Arthur W. Zafiropoulo, chairman of the board and chief executive officer, has assumed the responsibilities of the president
and chief operating officer for the company. Schram will continue as a consultant for a six-month period reporting to
Zafiropoulo. "We want to thank Jim for his services to the company and wish him well," Zafiropoulo said.

Profile

Founded in 1979, Ultratech Stepper Inc. designs, manufactures and markets photolithography steppers used worldwide in
the fabrication of semiconductors, micromachining devices and thin film heads for disk drives. The company produces
products that substantially reduce the cost of ownership for manufacturers in the electronics industry.

CONTACT: Ultratech Stepper Inc.
William G. Leunis III or Laura Rebouche, 408/321-8835
or
Lippert/Heilshorn & Assoc.
Lillian Armstrong, 415/433-3777 (analysts)
or
A. Lavin Communications
Andy Lavin, 212/354-2266 (financial media)
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